The Manning times. [volume] (Manning, Clarendon County, S.C.) 1884-current, 1887-08-31
The Cotton Movement.

The New York Financial Chronicle, II
its review of the movement of the cotton
crop for the week ending on the night
of August II, says that the total receipts
have reached 9,649 bales, against 7,27C
bales last week, l,499 bales the pre-
vious week, and 2,5S1 bales three weeks
since; making the total receipts since
the 1st September, 1886, 5, 223, ,097 bales,
against 5,337, 61S bales for the same
period Of 1856, showing decrease since
September l, 1856, Of ia, 521 bales.
The old interior stocks have decreased
during the week 1,6lS bales, and were,
Friday night, %, ,G64 bales less than at
the same period last year. The receipts
at the same towns have been S05 bales
less than the same week last year, and
since September l the receipts at all the
towns are 73,25S bales less than for the
same time in 1856.
The total sales for forward delivery
for the week are 3l2, 900 bales. For i'm
mediate delivery the total sales foot up
$3.50 bales, including 4,ls5 for export,
5,074 for home consumption.
The exports for the week reach a total
of 27,17l bales, of which 24, $50 were to
Great Britain, $50 to France, and 2,37l
to the rest Of the continent.
The imports into continental ports
for the week have been 10000 bales.
These figures indicate an increase in
tie cotton in sight of 72,796 bales as
compared with the same date OF 1856,
an increase Of 53, ,0271 bales as compared
with the corresponding date of 1885,
and decrease of 81, 800 bales as COM
pared with 1884.
The total receipts from the plantations
since September l, 1886, are 5,l9S, O23
bales; in 1856 were 5,369,3l0 bales; in
1884 were 4,74S,090 bales. Although
the receipts at the outports the past
week were 9.649 bales, the actual move
ment from plantations was only S,66o
bales, the balance being taken from the
stocks at the interior towns. Last year
the receipts from the plantations for the
same week were 1874 bales, and for
1885 they were $3.50 bales.
The foregoing shows the weekly con-
sumption in Europe IS now 10, 900 bales
OF 800 pounds each, against l3S,
bales OF the same weight at the CORES
ponding time last year. The total spin
ners' stocks in Great Britain and on the
continent have decreased l33, 900 bales
during the month, and are nov $4,000
bales in excess Of last season.
The Chronicle says that cotton for fu-
ture delivery at New York has been quiet
for the week under review. The ab-
sence of active influences rather with
active influences nearly balancing each
other-has prevented any wide Auctua-
tions. The dominant spirit of the cot
ton exchange has been bearish; and yet
but g small impulse was required to
cause the s:shorts" to cover with some
appearance of eagerness. It was not,
however, until Wednesday afternoon,
when the full business for export and
home consumption on that day was re-
ported, that the bulls showed any degree
of confidence. Then the continued
small receipts at interior towns, the
small stocks South, and the rapid reduc-
ton Of supplies in New York, together
with the growing belief that New Eng
land spinners are carrying but small
stocks OF cotton, caused quick advance,
with comparatively free buying for Sep
tember. Thursday there was very little
change; the speculation was sluggish,
but the distant options attracted more
attention. Friday the market opened
dull, but soon became active and buoy
ant on better closing at Liverpool and
the strong statistical position OF our
home markets. Cotton on the spot has
shown good degree Of activity, the
buying having been quite free for ex-
ports as well as for home consumption.
Quotations were reduced &c. on Monday
and advanced l-16c. on Thursday. Fri
day there was again a liberal bushes for
export, with steady buying for splnners,
and the market closed firm at 9 ll-16c.
for middling lplands.
The Chronicle weather reports, which
are very full and accurate, indicate that
over very large portion of Texas drouth
has caused considerable damage, and
that in some sections OF other States In
jury is resulting through worms, rust and
shedding. In the remaining districts,
however, and IN the Atlantic States IL
particular, the crop condition continues
quite satisfactory. Picking Is making
good progress.
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